The Act of 1964 is amended by the insertion of the following section after section 3B:
"3BA.
(1) Where -
(a) a claim is presented under section 9 of the Act of 2024, or
(b) a claim is presented under section 10(3) of the Act of 2024,
the provisions of section 3 shall not apply to the claim or to the payment of a sum (if any) out of the Fund consequential to such claim.
(2) Subject to subsection (4), the total amount that may be paid out of the Fund under section 6(1) of the Act of 2024 in respect of any sum due to a person under a policy shall not exceed (whether as one payment or as the total of a series of payments) 65 per cent of that sum, or €825,000, whichever is the less.
(3) Where a sum is due to a person under a policy by reason of a periodic payments order, the limitation prescribed by subsection (2) on payment out of the Fund shall not apply to the sum required to meet the liability of the insured under the periodic payments order.
(a) Paragraph (b) applies where -
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